Fanbase offering is now closed and is no longer accepting investments.
INVEST IN FANBASE TODAY!
Monetized Social Media
$2,305,966.38 Raised
REASONS TO INVEST
1000% User Growth in the past year without any marketing spend.
Average engagement time for 2021 is 1 hour 25 minutes a day.
Profit increase of over 999% in 2021 compared to 2020.
Pioneering Monetized Social Media
Fanbase is a new frontier of social media, placing monetization capability at the forefront to the benefit of all users. By allowing any user to make money from their social content, they have the opportunity to create consistent monthly revenue via their audience and increase authentic user engagement among their most interested followers. Fanbase users can post photos, videos, create audio rooms, and natively broadcast live content to the platform to connect with audiences in a multitude of ways.
The Problem
We believe users on other platforms are having their content suppressed, shadowbanned, and deserve to earn revenue
There are millions of users and community-builders across all of the most popular social media platforms who have gathered large followings but have been unable to adequately monetize their success.
More and more users on these platforms are increasingly frustrated. We have entered a true crisis in which the platforms are getting rich off of the creativity of the users, but own a monopoly on the advertising and revenue stemming from the entire user base.
Although other platforms are attempting to address these issues, they do not provide the organic ability to grow their following on the platform, leaving users without a current major following on other platforms in the dark. Some current platforms that monetize lean toward mainly adult content, which does not instill confidence in the plethora of creator types out there looking to monetize. Also making them non-brand safe.
The issue of suppression of content on other platforms is well documented
We believe creators contribute so much to social media platforms only to have their pages deactivated, their content throttled down and their visibility diminished. All while not directly compensating them for their contributions to the platform.
The Solution
Combining full content monetization and the scalability of a social network with no content suppression
Fanbase bridges the gap between traditional social platforms with the monetization aspects of other subscription-based applications by giving users the opportunity to do both natively in our application. Users can grow their organic followings and find their audience while also offering subscriber paid content for those who want exclusive access.
Post-COVID, we’ve seen a rise in the normalization of paying for content in a variety of ways.
The Market
Subscription based services continue to grow
Over 50% of in-app purchases in 2020 were recurring. On Fanbase, creating a subscriber relationship directly with other users creates the opportunity to tap into multiple verticals of the subscriber economy on one platform. (source)
(source)
Much like we have seen with the rise of TikTok, new social platforms are powered by younger-skewing audiences, and we believe the same will be true for our platform, which will not only appeal to the already-successful young creators on other platforms, but to their audience and to the next generation. (source)
How Gen Z and Black content creators drive social media culture
60% of TikTok users are Gen Zers. Gen Zers are trendsetters. Next year, 74 million people in the U.S. will be part of “Gen Z”, which will make it the largest generation of all. (source)
A survey of US social media users by Pew Research shows that:
- On Instagram, the highest number of users are African Americans at 26% topping White and Hispanic users.
- 26% of people who identify as Black use Twitter.
- Black creators and users on YouTube were polled at 76% running a close second behind Hispanic users at 78%.
- 70% of Black respondents use Facebook.
We are leading the conversation of creator equity in social media
In July of 2021 we held our first creator conference in Atlanta, Ga., granting vested equity stock options to 23 creators who have made significant contributions to the growth and virality of other social media platforms. (source)
Our Traction
Tremendous user and revenue growth in 2021
We saw 1000% User Growth in 2021 without any marketing spend.
*The above profit growth is in comparison to our profit in 2020, please review our audited financials in our offering materials for more details on the prior two fiscal years financials.
In 2021 we’re continuing to refine our product and technology. Although we have done no marketing to gain users yet, we’ve already seen average Month-over-Month growth of 40% and engagement times for 1 and a half hours this year.
- Average engagement time for 2021 - 1 hour 25 minutes
- More than 1 Million pieces of content in 2021
- More than 35 Million views inside the app
- Launched to 177 countries in October 2021 with a projected growth of 100-150% MoM for 2022
Our Dev Accomplishments in 2021 included:
- Launched Android Version
- Launched the first ever Monetized Audio Chat room: Direct Voice
- Launched a migration tool allowing users to migrate content automatically from Instagram and Tik Tok
- New vertical expected to launch before EOY: Our first short-form video editor, Flickz
- Two new verticals being re-developed bringing revenue capabilities: Direct Messaging and Stories
What We Do
Monetizing multimedia content for users in a social network environment
We give users a broad range of tools and functionality for creating different types of content like you would on other platforms, but also allow them the ability to monetize those verticles giving users the choice between a free and subscription model all in one place.
Fanbase also has the ability to like and love content — ‘like’ being free engagement and ‘love’ representing a tip of a half of a penny to the user. Users can buy packs of Love in our subscription store.
The Business Model
20% of all in-app purchases
Fanbase takes a 20% portion of all in-app purchases from users, including user purchases of ‘Love’ packs or subscriptions to their favorite creators.
We payout all earned revenue to users at the end of every month.
How We Are Different
Social media, content, and gamification all in one
Our competition ranges from traditional social networks, which we believe fail to adequately monetize their user’s audiences on their own behalf, or subscription-based services like Patreon, which help users monetize audiences from other platforms, but we believe fail to provide adequate creator tools and native functionality.
We are a native app with real-time engagement and all of the network effects in one place. It's the one-stop-shop for users looking to find their own unique audience while building a community and drawing in monthly revenue. Because of this, we are also able to send notifications to keep users engaged, unlike our other competitors who have a web app.
Other subscription-based services allow users to live broadcast in real-time, however, their content skews mainly toward adult content and we are a place for creators of all types.
The Vision
Merging content and conversation in one place
Currently content, conversation and monetization are all siloed off into separate containers, but Fanbase is changing that.
Fanbase is the singular place for a user to log on, create, talk to, watch and subscribe to their favorite users, and likewise be the ultimate channel for them to put out content, engage with their community and take in steady revenue.
Our Leadership
A diverse range of experiences coming together to change the social landscape
We come from the worlds of tech, design, marketing, music, sports and entertainment and have an intimate understanding of the ways in which the social ecosystem operates, which is why we were able to ideate on Fanbase and execute a solution capable of changing the lives of all users around the world.
Members of our team have demonstrated success leading large teams and projects from inception to launch. We’ve worked in Tech, Music, TV, Film, Athletics, Social Media and bring all of these relationships and experiences to this new venture.
Why Invest
Users should have equity in the social apps they use
The users are what give a social media platform their value. Without users the platform has no value. This is why we believe that users should have the opportunity to invest in the very platforms they will make billion dollar companies.
Fanbase is also leading the conversation in user equity by offering the opportunity for anyone to own shares in the very platform they use. Be the biggest spokesperson for a social media platform that lets you monetize on the front end and have equity on the backend.
ABOUT
HEADQUARTERS
976 Jefferson St. NW Suite I
Atlanta, GA 30318
WEBSITE
View Site
Fanbase is a free and monetized social network that allows anyone to make money off their content via subscription and virtual currency we call "Love". Fanbase has photo, video, audio chat, live, stories and long form content.
TEAM
Isaac Hayes III
Chief Executive Officer
He is a veteran songwriter-producer from Atlanta, Ga., As well as President and C.E.O of Isaac Hayes Enterprises, his late father Isaac Hayes’ estate. His broad catalog of writing, producing, and licensing music for TV and film, his extensive experience in social media marketing, and his passion for African American entrepreneurship led him to develop Fanbase.
As CEO of Fanbase, Isaac is the driving force behind the platform's development and future path. In addition to his role as CEO, Isaac also runs two other businesses. His primary role is with Fanbase. Please refer to the offering materials for further details.
Ramiro Canovas
Chief Technology Officer
ConsultR empowers organizations to reinvent themselves through creativity, technology, and innovation. His company has helped businesses like Taco Bell, FITTS, Heineken, and Pet Releaf to reach their customers through artfully crafted experiences.
In his role as Chief Technology Officer at Fanbase, he handles all the technology layers of the platform from development to integrations to data analytics. He is a former professional soccer player and avid fan.
Suma Thumma
Data / Insights Manager
Experience working with different cloud technologies. Extensive experience conducting data analysis and data modeling and building dashboards.
Arun Valliappan
Data / Insights Manager
Known for delivery of actionable insights to key leadership and institutionalizing a data driven analysis and decision-making culture.
Broad range of experience solving business problems for industry leaders in internet,retail,media and energy.
Specializing in Business Intelligence and Data Warehousing strategy, planning, technical architecture, infrastructure & operations, analysis & design, development & testing .
Federico Cardinali
Dev Leader
Santiago Nogues
Creative Director
Sheraun Britton-Parris
Senior Marketing Advisor
Dre Davis
Director / Creator Artist Relations
Julian Bravo
Coordinator
Bill Campbell
Music, Growth, and Flickz Development Advisor
He has in-depth industry experience in music, media, social, and entertainment markets. He previously served as advisor to TikTok and ByteDance helping scale and develop those companies.
GW Wright
Director Sports / Athletics
TERMS
Fanbase
Overview
PRICE PER SHARE
$8.61
DEADLINE
Apr 30, 2022
VALUATION
$50M
AMOUNT RAISED
$2,305,966.38
Breakdown
MIN INVESTMENT
$249.69
MAX INVESTMENT
$106,996.47
MIN NUMBER OF SHARES OFFERED
1,161
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Non-Voting Common Stock
MAX NUMBER OF SHARES OFFERED
301,974
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Fanbase Social Media, Inc. |
Corporate Address | : | 976 Jefferson St. NW Suite I, Atlanta, GA 30318 |
Offering Minimum | : | $9,996.21 |
Offering Maximum | : | $2,599,996.14 |
Minimum Investment Amount(per investor) | : | $249.69 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Non-Voting Common Stock |
Minimum Number of Shares Offered | : | 1,161 |
Maximum Number of Shares Offered | : | 301,974 |
Price per Share | : | $8.61 |
Pre-Money Valuation | : | $50,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 15% bonus shares.
Super Early Bird Bonus
Invest within the first week and receive additional 10% bonus shares.
Early Bird Bonus
Invest within the first two weeks and receive an additional 5% bonus shares.
Amount-Based Perks:
$500+ | Bronze Tier
Early Access to new Fanbase features on the platform.
$1,000+ | Silver Tier
Early access to new Fanbase features on the platform, and 10,000 loves to use on Fanbase.
$2,500+ | Gold Tier
Early access to new Fanbase features on the platform, 15,000 loves to use on Fanbase and a Fanbase T-Shirt.
$5,000+ | Platinum Tier
Early access to new Fanbase features on the platform, 20,000 loves to use on Fanbase, a Fanbase T-Shirt and an early investor gold verified profile badge.
$10,000+ | Diamond Tier
10% bonus shares, early access to new Fanbase features on the platform, 30,000 loves to use on Fanbase, a Fanbase T-Shirt, an early investor gold verified profile badge, and access to a private dinner for Diamond level investors with Founder and Executive Team. *Transportation and lodging not included.
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
Fanbase Social Media, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $8.61 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $8.61. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
Insider Investment Notice
ConsultR Inc. a C-Corp wholly owned by the Company’s CTO, Ramiro Canovas, has invested $5002.41 in the Company’s current Reg CF offering.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments.
PRESS
ALL UPDATES
10.07.22
Download This Video And Share That You're A Fanbase Investor!
Word of mouth is an incredible way to support and expand the reach of Fanbase during this final raise.
We want your help TODAY. Click the link to download this shareable 9:16 video on your socials.
https://branding.fanbase.app/promoting-assets/
This slient format allows you to add your own music and post on stories, reels, tiktok, snapchat, flickz and more.
Thank you for your continued support and belief in Fanbase!
We're in this together.
Isaac
10.05.22
We've Raised Over $550,000 In 11 Days! Invest Now!
We've Raised Over $550,000 In 11 Days! Invest Now!
09.30.22
We've Raised over $375,000 In 7 Days! THANK YOU! 🥳
AMAZING! This first 7 days of our final Reg CF Campaign on StartEngine has brought in more than $375,000 in committed investment!
We want to thank all of you for your support and belief in what we continue to build! This has been a company changing moment to give you, the user the opportunity to invest in and own a part of Fanbase.
Remember, this is the LAST time you will have a chance to invest in Fanbase in a Reg CF campaign. This last round closes at $2.5 million dollars.
If you want to invest, now is the time.
Thank You All! 🥳
- Fanbase
09.28.22
We've Raised Over $100,000 Raised In 4 Days! Thank You!
Hey Fanbase Investors!,
Our 3rd and Final Reg CF Campaign on StartEngine is off to an amazing start! We've already raised over $116,000 in committed funds!
Thank you to all our new and returning investors! We have been honored to offer equity in social media to the users that give the platform their value, You!
You are the biggest asset in our success! Tell a friend, your family and anyone you think would want to invest to do so now.
We begin our press run for this campaign today! Also CHECK YOUR EMAIL and START ENGINE PROFILE FOR UPDATES.
Make sure your investment is ACCEPTED and CONFIRMED. If you aren't sure contact Investor Support for help.
Again, Thank you for believing in Fanbase. Onward to our next milestone of $150,000!
Isaac Hayes III - Founder / CEO
09.23.22
Invest In Fanbase! New Round Open Today!
Greetings Everyone !
We are excited to announce our 3rd raise on StartEngine and your chance to become a Fanbase investor.
We have launched a new StartEngine campaign to give you the users the opportunity at having equity in the social media apps you use.
Our Development Accomplishments in 2022 include:
Flickz, our short form video editor launched on February 16th, 2022.
Fanbase Audio 2.0, drop in audio chat launched on April 13th, 2022.
TikTok Migration Functionality launched on June 23rd, 2022.
Fanbase Audio Exclusive Subscriber Rooms launched on July 21st, 2022.
New Unlimited Subscriptions Functionality launched on August 8th, 2022
With this new round we plan on:
Invest in creative marketing strategies to ignite user growth.
Continue developing products to bring disruptive monetization tools.
Keep supporting our path to Series-A and future self-sustainability.
Improve our patent and legal coverage to gain a competitive advantage around the world and protect our brand.
Thank you for your belief and continued support of Fanbase and the future of social media! 🥳
Invest now at StartEngine.com/fanbase
#FanbaseSE3 #Fanbase
08.30.22
TODAY is the last day to confirm your Second Round Fanbase investment. You could lose your chance to invest in Fanbase.
TODAY is the last day to confirm your Second Round Fanbase investment. Login to your StartEngine account to confirm, or check your e-mails and spam for any communications that you may have missed.
That means if you have not finished the process you WILL NOT BE INVESTED IN FANBASE.
It also means if you do not respond to StartEngine today and complete the process your funds will be returned and you will have to invest at a later round IF there is one. You can see the status of your investment by logging in to your StartEngine portal and clicking on MY INVESTMENTS.
Contact investor support here if you are not sure.
Best,
Fanbase
08.11.22
URGENT: COMPLETE YOUR FANBASE INVESTMENT
This update is ONLY for individuals that have not yet completed the investment process on StartEngine.
There are incomplete investments that have not been finalized from our last campaign offering that closed April 30, 2022.
That means if you have not finished the process you are NOT YET INVESTED IN FANBASE. It also means if you do not respond to StartEngine or complete the process your funds will be returned and you will lose your opportunity to invest. You can see the status of your investment by logging in to your StartEngine portal and clicking on MY INVESTMENTS.
If you have any issues or need assistance please contact investor support to help you complete this process.
Thank you,
Isaac
02.18.22
We are at 1.9M! Invest Now! | Flickz Is Live!"
We are less than $700,000 dollars away from reaching out $2.6 million dollar goal. Thank you to all our new investors! On to $2.6 million! 🥳
The long awaited short form video editor is now available worldwide on Fanbase for iOS and Android. Music, filters, efx and more!
Update to the latest version of Fanbase to start using Flickz!
Check Out Flickz Here! https://www.youtube.com/watch?v=YE8FLHFF43w
02.10.22
Fanbase Flickz Is Now Testing In Beta! Plus We've Raised Over $1,600,000 Million Dollars! Invest Now!
Good News! Our long awaited short-form video creator Fanbase Flickz is now testing in early Beta!
Yesterday we began rolling out Flickz to a small group of users including our creator advisory board and others. This initial testing will give us valuable feedback to make a video editor that is more user friendly, unique and fun. After this first beta we will gradually roll out Flickz to our early investors for a larger test group. We are anxiously awaiting to bring this to the entire Fanbase community!
Also we are past the halfway point in our raise securing over $1.6 million in investment in 6 weeks. Thank you to all our new and recurring investors who have joined us on this journey to make social media a more equitable and profitable space for users. On to $2.6 million! 🥳
02.03.22
Fanbase Has Raised Over $1,500,000 Million Dollars! Invest Now!
We're over halfway there!
Thank you to all our new and returning investors for believing in our vision. The Flickz Beta is coming next week for our creator advisory board to try as well as early! A new update came out today with performance improvements for both iOS and Android and cosmetic adjustments to Android
Isaac was Live Bloomberg TV today and Breakfast Club last week and more interviews to come! Be on the lookout.
Again thank you for your belief in ownership and equity in social media!
REWARDS
$249
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
Bronze Tier
Early Access to new Fanbase features on the platform.
$1,000
SIlver Tier
Early access to new Fanbase features on the platform, and 10,000 loves to use on Fanbase.
$2,500
Gold Tier
Early access to new Fanbase features on the platform, 15,000 loves to use on Fanbase and a Fanbase T-Shirt.
$5,000
Platinum Tier
Early access to new Fanbase features on the platform, 20,000 loves to use on Fanbase, a Fanbase T-Shirt and a early investor gold verified profile badge.
$10,000
Diamond Tier
10% bonus shares, early access to new Fanbase features, 30K loves to use on Fanbase, Fanbase T-Shirt, an early investor gold verified profile badge and access to a private dinner for Diamond level investors with Founder and Executive Team.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
